Cousins Properties (NYSE:CUZ) Price Target Raised to $37.00 at JPMorgan Chase & Co.

Cousins Properties (NYSE:CUZ) had its target price hoisted by JPMorgan Chase & Co. from $35.00 to $37.00 in a research report report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. Truist Financial dropped their price target on shares of Cousins Properties from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, August 26th. Mizuho boosted their target price on Cousins Properties from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Wall Street Zen cut Cousins Properties from a “hold” rating to a “sell” rating in a research note on Saturday, September 6th. Finally, Evercore ISI raised their price target on Cousins Properties from $31.00 to $32.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Cousins Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.91.

Cousins Properties Stock Performance

Shares of NYSE:CUZ opened at $28.92 on Tuesday. The firm has a fifty day simple moving average of $28.25 and a two-hundred day simple moving average of $28.40. Cousins Properties has a 52 week low of $24.07 and a 52 week high of $32.55. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $4.86 billion, a P/E ratio of 78.16, a PEG ratio of 2.56 and a beta of 1.39.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The company had revenue of $237.72 million during the quarter, compared to analyst estimates of $243.73 million. During the same quarter last year, the business posted $0.68 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. Cousins Properties has set its FY 2025 guidance at 2.790-2.850 EPS. On average, analysts expect that Cousins Properties will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.4%. Cousins Properties’s payout ratio is 345.95%.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 4,612 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $29.30, for a total transaction of $135,131.60. Following the transaction, the chief accounting officer owned 13,518 shares of the company’s stock, valued at approximately $396,077.40. This represents a 25.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On Cousins Properties

Institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management purchased a new position in Cousins Properties in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of Cousins Properties in the 1st quarter worth approximately $36,000. EverSource Wealth Advisors LLC raised its stake in shares of Cousins Properties by 55.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 753 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Cousins Properties by 74.8% during the 2nd quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,002 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Cousins Properties by 2,095.3% during the second quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,242 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.